HGAS on OTC

Global Gas Corp

Global Gas Corp is an American industrial inorganic chemicals company based in Englewood.2 Its shares trade on OTC under the symbol HGAS.2

Price unavailable

Last updated Oct 20, 2026.

Overview

$33.0KRevenue, fiscal 20253
$24.3KNet income, fiscal 20253

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  • TickerHGAS on OTC2
  • IndustryIndustrial Inorganic Chemicals2
  • HeadquartersEnglewood, United States2
  • Incorporated inDE4
  • Business address99 Wall Street, Suite 436, New York, Ny 100054
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company4
  • Legal formFor-Profit Corporation2
  • LEI9845008788FCFE56BA972
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address1801 California Street Suite 2600, 80202 Denver, United States2
  • Registered withBusiness Division of the Secretary of State’s office, 199710560772

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Additionally, the Company plans to identify production locations and project types where accelerated regulatory approval is possible.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-503.6%Operating margin3
73.7%Net margin3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Interest21¢$9.1K
  • Income tax24¢$10.6K
  • Profit55¢$24.3K

Out of $33.0K in revenue.3

Financial statements

Operating income3-$166.2K in 2025−70% since 2024
-$600.0K-$400.0K-$200.0K02024: -$552.0K-$552.0K20242025: -$166.2K-$166.2K2025−70%
Net income63$24.3K in 2025−100% since 2021
-$2.0M0$2.0M$4.0M$6.0M$8.0M2021: $5.5M$5.5M20212022: $6.6M$6.6M2022+18%2024: -$130.7K-$130.7K20242025: $24.3K$24.3K2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-12-312024-12-31
Revenue, net$33.0K
General and administrative$199.3K$552.0K
Loss from operations-$166.2K-$552.0K
Other income$202.2K
Interest income$3.0K$17.0K
Interest expense-$14.7K
Change in fair value of derivative warrant liabilities$10.8K$404.2K
Total other income, net$201.2K$421.3K
Net income (loss) before taxes$35.0K-$130.7K
Income tax expense-$10.6K
Net Income (loss)$24.3K-$130.7K

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Corporate structure

Global Gas Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Global Gas Corp

  • Linden Capital L.P. Filed SCHEDULE 13G/A on Global Gas Corp, latest Feb 12, 2026 (2 filings since Feb 7, 2024)
  • METEORA CAPITAL, LLC Filed SCHEDULE 13G/A on Global Gas Corp, latest Nov 14, 2025 (6 filings since May 10, 2024)
  • Dune Acquisition Holdings LLC Filed SC 13D/A on Global Gas Corp, latest Dec 10, 2024 (2 filings since Jan 2, 2024)
  • Morgan Stanley Filed SC 13G on Global Gas Corp, latest Nov 7, 2024
  • William Bennett Nance Filed SC 13D/A on Global Gas Corp, latest Mar 6, 2024 (2 filings since Jan 2, 2024)
  • Macquarie Group Filed SC 13G/A on Global Gas Corp, latest Feb 14, 2024 (2 filings since Apr 24, 2023)
  • Barbara Guay Martinez Filed SC 13G on Global Gas Corp, latest Jan 2, 2024
  • Sergio Martinez Filed SC 13G on Global Gas Corp, latest Jan 2, 2024
  • Funicular Funds, LP Filed SC 13D on Global Gas Corp, latest Aug 25, 2023
  • Saba Capital Management, L.P. Filed SC 13G/A on Global Gas Corp, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • ARISTEIA CAPITAL, L.L.C. Filed SC 13G/A on Global Gas Corp, latest Feb 10, 2023 (2 filings since Feb 14, 2022)
  • Hudson Bay Capital Management LP Filed SC 13G/A on Global Gas Corp, latest Feb 7, 2023 (2 filings since Feb 2, 2022)
  • Global Gas Corp Englewood, Colorado, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Global Gas Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$114.1K11 Dec 31, 2024$1.2M11 Dec 31, 2023−90.4%
Marketable securities, current$1.1M11 Dec 31, 2023

Properties, in its own words

Our headquarters are located in West Palm Beach, Florida. We lease approximately __ square feet of space at this location. We do not own any property. We believe our current facilities are adequate for our current operating needs.

Item 2 of the 10-K filed Apr 15, 2026.5

Leadership

Who has led Global Gas Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. William Bennett Nance2023–now

Chief financial officer

  1. Michael Castaldy2020
  2. Shachi Shah2024–now

Chief operating officer

  1. Shachi Shah2024–now
2025
Board members and other officers (7)

Former names

  • Dune Acquisition CorpJul 20, 2020 to Dec 20, 20234

Timeline

  1. Aug 20, 20258-K Entered a material agreement; Executive or director change21
  2. Dec 9, 20248-K Entered a material agreement; New debt or obligation22
  3. Jun 24, 20248-K Listing notice or transfer23
  4. Jun 21, 20248-K Executive or director change24
  5. Mar 5, 20248-K Entered a material agreement25
  6. Feb 12, 20248-K Change of auditor26
  7. Feb 9, 20248-K Entered a material agreement27
  8. Dec 28, 20238-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer28
  9. Dec 26, 2023New chief executive William Bennett Nance becomes CEO13
  10. Dec 21, 20238-K Regulation FD disclosure29
  11. Dec 20, 20238-K Listing notice or transfer; Other events30
  12. Dec 4, 20238-K Entered a material agreement; Unregistered sale of shares; Other events31
  13. Dec 4, 20238-K Shareholder vote32
  14. Apr 8, 1997Founded Global Gas Corp is founded2

Filings

172 filings to the SEC since October 2021: 7 annual reports, 17 quarterly reports, 45 major events, 17 insider forms, 29 large holders, 57 other. The latest 20:

  1. Aug 13, 202610-Q QUARTERLY REPORT EDGAR
  2. May 15, 202610-Q QUARTERLY REPORT EDGAR
  3. Apr 15, 202610-K ANNUAL REPORT EDGAR
  4. Apr 1, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
  5. Feb 12, 2026SCHEDULE 13G/A EDGAR
  6. Jan 2, 2026UPLOAD EDGAR
  7. Dec 31, 2025CORRESP EDGAR
  8. Dec 29, 2025UPLOAD EDGAR
  9. Dec 23, 2025CORRESP EDGAR
  10. Dec 11, 2025UPLOAD EDGAR
  11. Nov 14, 2025SCHEDULE 13G/A EDGAR
  12. Nov 14, 202510-Q QUARTERLY REPORT EDGAR
  13. Aug 20, 20254 EDGAR
  14. Aug 20, 20254 EDGAR
  15. Aug 20, 20254 EDGAR
  16. Aug 20, 20254 EDGAR
  17. Aug 20, 20258-K CURRENT REPORT EDGAR
  18. Aug 14, 2025SCHEDULE 13G/A EDGAR
  19. Aug 12, 202510-Q QUARTERLY REPORT EDGAR
  20. Jun 5, 202510-Q/A AMENDMENT NO. 1 TO FORM 10-Q EDGAR

The 172 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 24, 2022BNP PARIBAS ARBITRAGE, SA10% ownerSale324,163$9.82$3.2MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Global Gas Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGlobal Gas Corp1
  • CIK0001817232
  • Employer ID (EIN)85-16179115
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)2810 Industrial Inorganic Chemicals1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address99 Wall Street, Suite 436, New York, NY 100051
  • Phone917-327-04371
  • Shares outstanding7,478,256 Common Class A shares; 0 Common Class B shares as of Apr 14, 20265
  • Public float$100.0K as of Jun 30, 20255
  • AuditorGrassi & Co., CPAs, P.C., Jericho, New York PCAOB ID 606; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJul 20, 20201
  • Filings206 in all: 8-K (51), DEFA14A (24), 10-Q (17), SC 13G (16), 4 (14), SC 13G/A (12), 3 (8), UPLOAD (8)1
    All 32 form types

    10-K (6), CORRESP (6), PRER14A (6), SCHEDULE 13G/A (5), 10-K/A (3), SC 13D (3), 10-Q/A (2), 25-NSE (2), DEF 14A (2), NT 10-K (2), NT 10-Q (2), PREM14A (2), S-1 (2), S-1/A (2), SC 13D/A (2), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), EFFECT (1), PRE 14A (1), RW (1), S-1MEF (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Jun 16, 2023
    Latest 8-K (8-K) Aug 20, 2025

Securities registered for trading

ClassSymbolExchange
Class A common stock, par value $0.0001 per shareHGASNONE
Warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per shareHGASWNONE

From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Global Gas Corp names in Item 1A of its 10-K filed Apr 15, 2026: 53 risks under these headings, as written.5

  • Risks Related to Global Gas’ Business and Industry
  • Our limited operating history makes evaluating our business and future prospects difficult and may increase the risk of your investment.
  • Our success depends on our ability to obtain customers and implement our business strategy.
  • Our business model has yet to be tested and any failure to commercialize our strategic plans would have an adverse effect on our operating results and business, harm our reputation and could result in substantial liabilities that exceed our resources.
  • Risks related to the approval, execution, and operation of our future projects may adversely affect our operations or financial results.
  • Global Gas’ management has limited experience in operating a public company.
  • We may have difficulty managing growth in our business, which could have a material adverse effect on our business, financial condition and results of operations and our ability to execute its business plan in a timely fashion.
  • An increase in energy costs may materially adversely affect our business, financial condition, and results of operations.
  • Our strategy to outsource various elements of the products and services we sell may subject us to the business risks of our suppliers and subcontractors, which could have a material adverse impact on our operations.
  • Cost overruns, delays, penalties or liquidated damages could negatively impact our results, particularly with respect to fixed-price contracts for our custom configured products.
  • Catastrophic events could disrupt our operations and/or our customers and suppliers and may have a significant adverse impact on our results of operations.
  • The inability to attract and retain qualified personnel may adversely impact our business.
The other 42 risks
  • Involvement of members of our management and companies with which they are affiliated in litigation unrelated to our business affairs could impact our ability to consummate an initial business combination.
  • We may be unable to successfully execute and operate our hydrogen production projects, and such projects may cost more and take longer to complete than we expect.
  • We may enter into joint ventures which could impose certain restrictions on our operations in the future and could create risk related to our potential co-venturers.
  • In the future, if we develop or acquire proprietary intellectual property, protecting such intellectual property will be critical to our operations and we may suffer competitive harm from infringement on such rights.
  • Current inflationary trends, economic downturn and weakness in the economy, market trends, and other conditions affecting the profitability and financial stability of our potential customers could negatively impact the growth of our business and the acquisition of customers.
  • Risks Related to Regulations and Litigation
  • We will be subject to extensive government regulation in the jurisdictions in which we do business. Regulations addressing, among other things, import/export restrictions, anti-bribery and corruption and taxes have the potential to negatively impact our financial condition, results of operation and cash flows.
  • We will be subject to various environmental laws and regulations that could impose substantial costs upon us and cause delays in building production facilities.
  • Legislative, regulatory, societal and market efforts to address global climate change may impact our business and create financial risk.
  • Costs and expenses resulting from compliance with environmental regulations may negatively impact our operations and financial results.
  • Our business may become subject to increased government regulation.
  • Risks Related to Global Gas’ Products and Services
  • Interruption in ordinary sources of raw material or energy supply or an inability to recover increases in energy and raw material costs from customers could result in lost sales or reduced profitability.
  • Our ability to source parts and raw materials from our suppliers could be disrupted or delayed in our supply chain which could adversely affect our results of operations.
  • The production, transport, and containment of hydrogen and certain other gases as contemplated by our future projects creates risk of adverse events which may harm our business.
  • We will rely on complex machinery for our operations and production involves a significant degree of risk and uncertainty in terms of operational performance and costs.
  • Inability to compete effectively could adversely impact our future sales and financial performance.
  • Risks Related to Cybersecurity and Data Privacy
  • Our business and operations would suffer in the event of computer system failures, cyber-attacks or deficiencies in our or third parties’ cybersecurity.
  • Risks Related to Finance, Accounting and Tax Matters
  • Our actual results could differ from the estimates and assumptions used to prepare our consolidated financial statements.
  • We may need to raise additional funds and these funds may not be available to us when we need them. If we cannot raise additional funds when needed, our business, prospects, financial condition and operating results could be negatively affected.
  • Our financial results may vary significantly from quarter to quarter.
  • Credit and counterparty risks could harm our business.
  • We are a holding company and our only material asset is our interest in Holdings, and we are accordingly dependent upon distributions made by Holdings to pay dividends, taxes, and other expenses.
  • To the extent we receive tax distributions in excess of our actual tax liabilities and retain such excess cash, the holders of the Holdings Common Units may benefit from such accumulated cash balances.
  • We would be subject to potentially significant tax inefficiencies if Holdings becomes a publicly traded partnership.
  • Increases in applicable tax rates, changes in applicable tax laws or disagreements with tax authorities can adversely affect our business, financial condition or results of operations.
  • Additional Risks Relating to Ownership of Our Securities
  • An active market for Global Gas’ securities may not develop, which would adversely affect the liquidity and price of Global Gas’ securities.
  • Global Gas qualifies as an “emerging growth company” within the meaning of the Securities Act of 1933 (the “Securities Act”), and it takes advantage of certain exemptions from disclosure requirements available to emerging growth companies, which may make Global Gas common stock less attractive to investors and may make it more difficult to compare Global Gas’ performance to the performance of other public companies.
  • If Global Gas fails to maintain an effective system of disclosure controls and internal control over financial reporting, Global Gas’ ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired, which may adversely affect investor confidence in Global Gas and, as a result, the market price of Global Gas Common Stock.
  • The market price of Global Gas’ securities may fluctuate.
  • Insiders continue to have substantial influence over Global Gas after the Closing, which could limit your ability to affect the outcome of key transactions, including a change of control.
  • If securities or industry analysts either do not publish research about Global Gas or publish inaccurate or unfavorable research about Global Gas, Global Gas’ business or Global Gas’ market, or if they adversely change their recommendations regarding Global Gas Common Stock, the trading price or trading volume of Global Gas Common Stock could decline.
  • If the price of our Class A Common Stock remains below the exercise price of the Warrants, warrant holders will be unlikely to exercise their Warrants for cash, resulting in little or no cash proceeds to us from such exercises.
  • Because there are no current plans to pay cash dividends on Global Gas Common Stock for the foreseeable future, you may not receive any return on investment unless you sell your Global Gas Common Stock at a price greater than what you paid for it.
  • Global Gas stockholders may experience dilution in the future.
  • The Amended and Restated Charter provides, subject to limited exceptions, that the Court of Chancery is the sole and exclusive forum for certain stockholder litigation matters, which could limit Global Gas’ stockholders’ ability to obtain a chosen judicial forum for disputes with Global Gas or its directors, officers, employees or stockholders.
  • Anti-takeover provisions in Global Gas’ organizational documents could delay or prevent a change of control.
  • Claims for indemnification by Global Gas’ directors and officers may reduce Global Gas’ available funds to satisfy successful third-party claims against Global Gas and may reduce the amount of money available to Global Gas.
  • We may incur debt in the future, and our ability to satisfy our obligations thereunder remains subject to a variety of factors, many of which are not within our control.
  • Global Gas’ securities are not listed on a national securities exchange, which may limit investors’ ability to make transactions in Global Gas’ securities and subject Global Gas to additional trading restrictions.
  • The business strategies and management’s expectations may not prove to be reflective of actual future results.
  • Global Gas will incur significant increased expenses and administrative burdens as a public company, which could have an adverse effect on its business, financial condition and operating results.
  • Our warrant agreement designates the courts of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of our warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with us and Global Gas.

Legal proceedings

We do not consider any claims, lawsuits, or proceedings that are currently pending against Global Gas, individually or in the aggregate, to be material to our business or likely to result in a material adverse effect on our future operating results, financial condition, or cash flows. From time to time, we may be subject to various claims, lawsuits, and other legal and administrative proceedings that may arise in the ordinary course of business. Some of these claims, lawsuits, and other proceedings may range in complexity and result in substantial uncertainty; it is possible that they may result in damages, fines, penalties, non-monetary sanctions, or relief.

The opening of Item 3, Legal Proceedings.5

Sources

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